v3.25.1
Share-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-Based Compensation Expense

The Company recorded employee and nonemployee share-based compensation expense as follows (in thousands):

 

 

Three Months Ended March 31,

 

 

2025

 

 

2024

 

Employee

$

2,639

 

 

$

2,488

 

Nonemployee

 

183

 

 

 

418

 

$

2,822

 

 

$

2,906

 

 

Schedule of Stock-Based Compensation Expense

Share-based compensation expense is included in the following line items in the condensed statements of operations (in thousands):

 

 

Three Months Ended March 31,

 

 

2025

 

 

2024

 

Research and development

$

503

 

 

$

760

 

General and administrative

 

2,319

 

 

 

2,146

 

$

2,822

 

 

$

2,906

 

Summary of Activity of Option Plans

The following table summarizes activity in the Company’s stock option plans for the three months ended March 31, 2025:

 

 

 

Outstanding Option Shares

 

 

Weighted-Average Exercise Price

 

Balance as of December 31, 2024

 

 

376,551

 

 

$

136.59

 

Granted

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

Forfeited/canceled

 

 

(955

)

 

 

281.20

 

Balance as of March 31, 2025

 

 

375,596

 

 

$

136.22

 

Summary of Restricted Stock Unit Activity

The following table summarizes the Company’s RSU activity for the three months ended March 31, 2025:

 

 

 

RSU Awards

 

 

Weighted-Average Grant Date Fair Value

 

Unvested RSUs as of December 31, 2024

 

 

975,520

 

 

$

14.32

 

Granted

 

 

 

 

 

 

Forfeited

 

 

(12,242

)

 

 

19.24

 

Vested

 

 

(321,015

)

 

 

17.38

 

Unvested RSUs as of March 31, 2025

 

 

642,263

 

 

$

12.70